ZEC

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0091%/8h= −10.0% APRnext payment −$0.11 per $10,000 · paid last 24h −0.003%

Price spread now: Deribit against Nado+0.087%7-day average +0.037% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$24as in the Price arb table

costs, in and out, $10k−$290.292% of the position

Long on Nado Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.016%+$2 on $10k

Price spread, last 3 days (all we have)+0.633%+$63 · spread now +0.087%, 7d avg +0.037%

Together, before fees+0.649%+ Points / potential airdropNado: Active · farm board+$65 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Deribit is 0.051% dearer against Nado than usual: you sell high and buy low (spread +0.087% now, against its 7-day average of +0.037%): +$5 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 44 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado ZEC-PERP	1,444.5	0.0100	pay 0.0012% / 1h	31m 15s	$2.4M	$7.1M	10x
Short	Deribit ZEC_USDC-PERPETUAL	1,445.8	0.0009	get 0.0001% / 1h	31m 15s	$588K	$1.3M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Nado. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee NadobpFee DeribitbpOrdersPrice spread, now +0.087%Rate

Funding earned: −$19.19
Price spread: +0.087% → +0.037%: $5.06
Slippage, 4 orders: −$15.25
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$43.37
Costs to cover: 0.292%
Break-even: never at this rate

Slippage from Nado: live order book, 3 min ago; Deribit: live order book, 3 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Nado live order book, 3 min ago	0.04 bp	4.5 bp −$5	11.8 bp −$118	49.6 bp −$4,958	doesn't fit
Sell Deribit live order book, 3 min ago	4.70 bp	8.2 bp −$8	16.3 bp −$163	doesn't fit	doesn't fit

ZEC on 51 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective ZEC/USDC PERP	−0.3476%	1h	1,433.1	−0.786%	$33K	$275K	12x	as long as short
BloFin ZEC-USDT	−0.0092%	8h	1,445.6	+0.076%	$28.8M	$74.8M	75x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,444.6	+0.004%	$6K	$2K	10x	as long as short
Kraken Futures PF_ZECUSD	−0.0072%	1h	1,445.1	+0.042%	$17.6M	$44.5M	25x	as long as short
Variational Omni ZEC	−0.0009%	8h	1,449.1	+0.319%	$45.6M	$32.2M	—	as long as short
dYdX ZEC-USD	0.0000%	1h	1,445.1	+0.044%	$407K	$106K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,444.6	+0.004%	$907K	$5.7M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,443.3	−0.086%	$82K	$401K	10x	as long as short
Bybit ZECUSDT	+0.0006%	8h	1,445.4	+0.060%	$266.4M	$674.9M	75x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,444.4	−0.008%	$5.1M	—	150x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit ZEC_USDC-PERPETUALshort	+0.0009%	1h	1,445.8	+0.087%	$588K	$1.3M	25x
Orderly PERP_ZEC_USDC	+0.0015%	8h	1,444.8	+0.019%	$290K	$1.5M	20x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0028% / S +0.0071%	1h	1,444	−0.034%	$542K	—	100x	as long as short
OKX ZEC-USDT-SWAP	+0.0055%	8h	1,446.2	+0.115%	$171.1M	$1.35B	50x	as long as short
Gate ZEC_USDT	+0.0071%	8h	1,446	+0.103%	$49.5M	$189.0M	75x	as long as short
01 Exchange ZECUSD	+0.0072%	1h	1,444.2	−0.022%	$7K	$8K	5x	as long as short
Aster ZECUSDT	+0.0075%	8h	1,444.3	−0.013%	$15.2M	$34.6M	75x	as long as short
Katana Perps ZEC-USD	+0.0095%	8h	1,443.8	−0.050%	$13K	$873K	10x	as long as short
Lighter ZEC	+0.0096%	1h	1,446.8	+0.158%	$18.7M	$54.4M	20x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,444.2	−0.018%	$172K	$2.0M	50x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,444.1	−0.031%	$59K	$37K	10x	as long as short
Nado ZEC-PERPlong	+0.0100%	1h	1,444.5	long leg	$2.4M	$7.1M	10x
Hyperliquid ZEC	+0.0100%	1h	1,446.7	+0.152%	$747.1M	$494.5M	10x	as long as short
Pacifica ZEC	+0.0100%	1h	1,444.3	−0.017%	$1.6M	$3.1M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,445.9	+0.096%	$659.1M	$2.53B	75x	as long as short
Ondo Perps ZEC-USD.P	+0.0100%	1h	1,442.7	−0.125%	$392K	$516K	5x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,445	+0.035%	$890K	$32K	10x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,445.7	+0.080%	$214.1M	$892.0M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,445	+0.034%	$102.5M	$56.9M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,446	+0.106%	$160.0M	$312.9M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,445.1	+0.044%	—	$6.8M	—	as long as short
Backpack ZEC_USDC_PERP	+0.0100%	1h	1,446.6	+0.143%	$2.3M	$4.1M	15x	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,445.3	+0.055%	$485K	$9.8M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,448.7	+0.289%	$3.0M	$501K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,445.1	+0.039%	$703K	$607K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,445.2	+0.051%	$108K	$4.8M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,443.4	−0.076%	$347K	$2.0M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,444	−0.037%	$126K	$161K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,443.3	−0.080%	$439K	$493K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,445.7	+0.084%	$3K	$1.3M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,445.4	+0.062%	$219K	$4.7M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,445.1	+0.042%	$2.3M	$24.9M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,445.5	+0.070%	$3.7M	$5.3M	50x	as long as short
Phoenix ZEC	+0.0103%	1h	1,445.9	+0.098%	$4.5M	$1.6M	10x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,445.6	+0.077%	$3.2M	$6.9M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,444.9	+0.027%	$36K	$362K	20x	as long as short
RISEx ZEC/USDC	+0.0219%	1h	1,444.7	+0.011%	$862K	$1.9M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0440%	1h	1,447.1	+0.183%	$3.7M	$11.4M	50x	as long as short
Aftermath Perps ZECUSD	+0.0445%	1h	1,448.2	+0.260%	$39K	$32K	10x	as long as short
Arcus ZEC-USD	+0.0518%	1h	1,446.6	+0.143%	$767K	$7.9M	10x	as long as short
Lighter RH ZEC	+0.0680%	1h	1,447.4	+0.202%	$1.9M	$8.5M	10x	as long as short